Not A Good News For Oracle Corporation (NYSE: ORCL): The Stock Could Go Down -34.5 Percent More

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The trading price of Oracle Corporation (NYSE:ORCL) closed lower on Tuesday, November 23, closing at $92.94, -1.77% lower than its previous close.

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Traders who pay close attention to intraday price movement should know that it fluctuated between $92.26 and $94.29. The company’s P/E ratio in the trailing 12-month period was 19.74, while its 5Y monthly beta was 0.80. In examining the 52-week price action we see that the stock hit a 52-week high of $98.95 and a 52-week low of $55.77. Over the past month, the stock has lost -5.06% in value.

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Oracle Corporation, whose market valuation is $255.93 billion at the time of this writing, is expected to release its quarterly earnings report Dec 08, 2021 – Dec 13, 2021. The dividend yield on the company stock is 1.38%, while its Forward Dividend ratio is 1.28. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.97 per share this quarter, however they have predicted annual earnings per share of $4.61 for 2022 and $5.12 for 2023. It means analysts are expecting annual earnings per share growth of -1.30% this year and 11.10% next year.

Analysts have forecast the company to bring in revenue of $9.77 billion for the current quarter, with the likely lows of $9.69 billion and highs of $9.84 billion. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $42.27 billion. The company’s revenue is forecast to grow by 4.40% over what it did in 2022.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Oracle Corporation No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest ORCL has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ORCL a recommendation rating is 30. Out of them, 19 rate it a Hold, while 6 recommend Buy, whereas 1 assign an Overweight rating. 1 analyst(s) have tagged Oracle Corporation (ORCL) as Underweight, while 3 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.28, which symbolizes a positive outlook. A quick review shows that ORCL’s price is currently -2.25% off the SMA20 and -0.26% off the SMA50. The RSI metric on the 14-day chart is currently showing 42.63, and weekly volatility stands at 2.24%. When measured over the past 30 days, the indicator reaches 1.86%. Oracle Corporation (NYSE:ORCL)’s beta value is currently sitting at 0.80, while the Average True Range indicator is currently displaying 1.76. With analysts defining $68.00-$125.00 as the low and high price targets, we arrive at a consensus price target of $93.07 for the trailing 12-month period. The current price is about 26.83% off the estimated low and -34.5% off the forecast high, based on this estimate. Investors will be thrilled if ORCL’s share price rises to $90.00, which is the median consensus price. At that level, ORCL’s share price would be 3.16% above current price.

To see how Oracle Corporation stock has been performing in comparison to its peers in the industry, here are the numbers: ORCL stock’s performance was -1.77% in the latest trading, and 65.73% in the past year, while Microsoft Corporation (MSFT) has traded -0.63% on the day and positioned 60.72% higher than it was a year ago. Another comparable company Alphabet Inc. (GOOG) saw its stock close -0.22% lower in the most recent trading session but was up 69.19% in a year. Furthermore, Alphabet Inc. (GOOGL) showed a decrease of -0.36% on the day while its price kept inclining at 68.77% over the past year. Oracle Corporation has a P/E ratio of 19.74, compared to Microsoft Corporation’s 37.75 and Alphabet Inc.’s 39.11. Also in last trading session, the S&P 500 Index has surged 0.17%, while the Dow Jones Industrial also saw a positive session, up 0.55% on the day.

An evaluation of the daily trading volume of Oracle Corporation (NYSE:ORCL) indicates that the 3-month average is 9.59 million. However, this figure has increased over the past 10 days to an average of 6.25 million.

Currently, records show that 2.77 billion of the company’s shares remain outstanding. The insiders hold 0.10% of outstanding shares, whereas institutions hold 43.70%. The stats also highlight that short interest as of Sep 14, 2021, stood at 33.79 million shares, resulting in a short ratio of 3.58 at that time. From this, we can conclude that short interest is 1.23% of the company’s total outstanding shares. It is noteworthy that short shares in September were down slightly from the previous month’s figure, which was 35.74 million. However, since the stock’s price has seen 43.67% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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